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Friday, June 10, 2011

BLACK ECONOMY; DEAD CHINAMAN

Naples

There is LOW unemployment in Spain.

Most of the so-called Spanish unemployed have jobs in the 'black economy'.

This might explain why Spain does not have major riots.

In Spain the 'black economy' is said to be 19% of the official gross domestic product.

"Migration involves incurring large debts to 'snakeheads,' who arrange for transport and entry and often brutally enforce payment.

"Because of their illegality and constant pressure from their creditors, Chinese immigrants often accept jobs that pay far less than the U.S. minimum wage and violate American labor standards, and they have no effective legal recourse."

The Chinese is all over South America. They are buying land and starting business. Very soon the world will be working for the Chinese. In the USA there is a large number of Jews married to Asian women. It is a crash of civilizations. Asian culture has absolutely nothing to do with the West. They should stay where they come from.

Minimum wage laws may create a large part of the black economy. In America more than 50% of black youths are unemployed, presumably because in most cases they are unable to justify a wage equal to the federal minimum.

If minimum wage laws were abolished and some kind of reverse income tax instituted to bring the incomes of those in full-time employment up to the minimum wage standard, mass unemployment in the West would probably disappear. Moreover, western companies would then be on something much closer to a level playing field with China, India, etc. at least in terms of wages.

Bloody! John Friend beat me to the punch. I second recommending Gomorrah. It's really something. I rented it on DVD and watched the director's interview. They're usually crap but this was fascinating - the director is a very savvy guy with interesting things to say about the circular nature of people being depicted and in turn watching their own depiction. Very un-Hollywood thinking.